A Personal, and Painful, Tax Reality — Common Sense
With all the focus on tax rates, I sat down with my 2010 returns, calculator in hand. I’m still reeling from the results.
January 27, 2012
Handler Thayer Tax Alert
CHICAGO, Jan. 27, 2012 /PRNewswire/ –IRS Announces New Voluntary Disclosure Program for Offshore Accounts and AssetsOn January 9, 2012, the Internal Revenue Service ("IRS") reopened an Offshore
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4 Tax Breaks of Homeownership
There are two things you can count on when you become a homeowner: You get more tax breaks, and your taxes get more complicated. Whether you've purchased a single-family home, town house, or condominium, there are tax breaks available to you. It's time to get familiar with the Form 1040 and Schedule A because that's where you will have to provide all the details about your new tax-deductible
Five Tax Deductions that Favor the Rich
All is not equal when it comes to tax breaks. The rich benefit more.
IRS Wins $62M GE Tax Shelter Case
You would expect a tax shelter designed to save $62 million in taxes to be complicated.?? You would be right. The Second Circuit upheld a ruling against General Electric?s financing arm that charged the conglomerate with understating its income. See??TIFD III-E Inc. v. United States. The court said the IRS was right and IRS penalties
